Spain - Latest news GMK Center

The electric arc furnace project in Asturias is considered key to decarbonization and preserving production

The experiments were conducted as part of a European project

The company is using complex technology to start up the unit, which has been idle since last summer, and expects results in the coming days

The company will have sufficient resources to fully refinance its obligations

The company is also experiencing difficulties restarting the blast furnace in Xixi

Over 10 months, the indicator increased by 1.1%, slowing down to the lowest growth rate since the beginning of the year

The new plant in Avilés will have a capacity of 1,800 tons per year and will supply high-tech industries

The company's board of directors approved an €800 million transaction consisting of two parts

Over 9 months, the indicator increased by 2.2%, reducing the growth rate to the lowest level since the beginning of the year

Support is intended to compensate for indirect CO2 emissions, with steelmakers among the beneficiaries

Technology allows furnaces to run on 100% green hydrogen, reducing CO2 emissions to zero

In August, steel production in the country fell by 10.3% y/y